He succeeds Willie Walsh, CEO of IAG, the parent of oneworld members British Airways and Iberia.

As oneworld Governing Board Chairman, Ivan Chu will act as “first among equals” of the CEOs of the alliance’s member airlines in oneworld governance.

Ivan Chu said: "oneworld is the world's leading global airline alliance and I am very honoured to be asked to serve as Chairman of its Governing Board in the year ahead. I look forward to working with other board members to drive continuous developments of oneworld. We will never rest on our laurels. We will keep working to provide a seamless travel experience for the millions of customers who fly with oneworld every year."

oneworld CEO Bruce Ashby said: “We thank Willie Walsh for his leadership of oneworld as the alliance completed its biggest yet membership expansion and welcome Ivan Chu as his successor, as we move ahead on the next phase of our journey to establish oneworld firmly as the first choice alliance for frequent international travellers the world over.”

Ivan Chu was appointed Chief Executive of Cathay Pacific, which is a founder member of oneworld, in March 2014. He is also Chairman of Hong Kong Dragon Airlines Limited (which is an affiliate member of oneworld) and a Director of John Swire & Sons (H.K.) Limited and of Swire Pacific Limited.

Before his current role, he had been Cathay Pacific’s Chief Operating Officer for three years, having served as its Director Service Delivery from 2008.

He joined the Swire group, which is Cathay Pacific’s main shareholder, in 1984 and worked with the group in Hong Kong, Mainland China, Taiwan, Thailand and Australia.